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Caracas Office Report, Year-End 2012

​On the supply side, developers and investors are reluctant to place bets in light of the erratic economic and political environment.

On the demand side, tenants are either contracting, moving operations outside the country altogether, or at the very least not expanding. Still, given the sheer size and importance of Caracas in Venezuela and in Latin America as a whole, there is still some movement.

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